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The interplay between the US dollar and the Canadian dollar is intrinsically intricate, shaped by several related economic and political matters. However, in many instances, the two currencies move in parallel due to the strong trade relationships and responses to similar global events. Also, sometimes differentiations emerge. This article examines different aspects that determine the correlation between the American greenback and the Canadian loonie. You will learn how fluctuations in interest rates, oil prices, monetary policy stances, and regional trade disputes can spark periods of alignment or separation between USD and CAD exchange values. Whether you are an investor monitoring…